It’s Official: GE, Baker Hughes Complete Merger
General Electric completed its buyout of Baker Hughes on 3 July, creating the world’s second-largest oilfield service company
The new company will be called “Baker Hughes, a GE company,” and have headquarters in London and Houston. The firm will have about USD 23 billion in annual revenue, and rivals only Schlumberger for dominance in the global oilfield services market, surpassing Halliburton, which tried to buy Baker in 2014 in a dead that was nixed by regulators
The combined company will be “the first and only company to bring together industry-leading equipment, services, and digital solutions across the entire spectrum of oil and gas development,” the firm said in a statement. “BHGE provides differentiated services for customers…
GE, Baker Hughes complete merger
GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions...
Baker Hughes stockholders approve merger
Baker Hughes stockholders voted 99% to approve its merger with GE Oil & Gas, the company announced today (30 June). The company says that shares v...
EAGE Conference and Exhibition 2017
Join us at the 79th EAGE Conference and Exhibition 2017 to learn about our powerful mix of geologic modeling, reservoir engineering, geomechanics, reservoir stimulation and well modeling software. Through our integrated software applications and open, flexible platform, we simplify your more challenging workflows and complement the technologies you already have, resulting in a better reservoir understanding, reduced uncertainties and increased productivity in your teams
Live presentations and interactive workstations
Visit us in stand #470 to learn how the JewelSuite software helps you make the best decisions about your assets and ultimately create more value from your reservoir. With a full schedule of presentations and interactive workstations, you can see the powerful capabilities of our solutions and…
Baker Hughes and GE Announce Executive Leadership Team for Baker Hughes, a GE Company
HOUSTON – June 05, 2017 – Baker Hughes Incorporated (NYSE:BHI) and General Electric Company (NYSE:GE) today announced the executive team that will lead Baker Hughes, a GE...
Fulfilling the need for speed: Drill bit designs drilling further, faster
Modern drill bits have improved exponentially over the past several years, but operators continue to raise the bar in terms of expectations for more efficiency and durability. From horizontal wells in North American shales to Middle Eastern wells with 3,000- to 6,500-ft sections and even some deepwater wells using rotary steerable systems, operators now oftentimes expect to drill entire hole sections without tripping out for a new bit. “More than 60% of the sections drilled around the world today are already done with one bit, which means that the primary way to reduce customers’ drilling costs in those sections is to significantly increase ROP,” said Allen White, Product Champion at Smith Bits, a Schlumberger company.